{"podcast":{"title":"The College Investor Audio Show","slug":"the-college-investor-audio-show-414113","podcast_index_feed_id":414113,"rss_url":"https://feeds.captivate.fm/the-college-investor/","website_url":"https://thecollegeinvestor.com","image_url":"https://artwork.captivate.fm/f3c20c77-1ea5-4d2e-a65a-e87b0a5c9f68/college-investor-podcast-cover-c1.png","author":"The College Investor","episode_count":1036,"summary":"The College Investor podcast is a daily audio show that's dedicated to bringing you the best of TheCollegeInvestor.com. We discuss a variety of topics, all relating to millennial money - including student loan debt, investing, earning more money, and more! Robert Farrington, the founder of The College Investor and a Millennial Money Expert, shares how to get out of student loan debt so that you can start investing and building wealth for the future. Instead of cutting expenses and living a frugal life, he advocates side hustling and entrepreneurship to earn extra money to achieve your financial goals.","last_synced_at":"2026-07-30T20:18:09.903988+00:00","page_url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113"},"episode":{"title":"Why You Shouldn’t Name Minor Children As Beneficiaries","slug":"why-you-shouldn-t-name-minor-children-as-beneficiaries","published_at":"2026-04-30T10:00:00+00:00","page_url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113/why-you-shouldn-t-name-minor-children-as-beneficiaries","show_page_url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113","url":"https://thecollegeinvestor.com/78501/why-you-shouldnt-name-minor-children-as-beneficiaries/","audio_url":"https://episodes.captivate.fm/episode/50aeb0d1-da9d-4685-ba2e-5b94bcae5a39.mp3","summary":"Parents buying life insurance or opening retirement accounts usually want to name their children as beneficiaries (typically as a contingent beneficiary after a spouse). It feels like the obvious choice — if something happens to you, the money should go to your kids. But naming a minor child directly as a beneficiary is one of the most common and disruptive estate planning mistakes a parent can make, and it can tie up the very money your family needs most during an already difficult time. The problem is odd: minors cannot legally enter contracts in most states. A bank account is a contract with the bank. A brokerage account with the broker. Minors typically have to have a parent (or guardian) to open said account. And if parent is gone, it gets tricky. When a life insurance company or retirement plan custodian tries to distribute funds to a child under 18, it can hit a legal wall. The money can’t be released. And what follows is a court process that no grieving family should have to navigate.","meta_description":"Parents buying life insurance or opening retirement accounts usually want to name their children as beneficiaries (typically as a contingent beneficiary a…","key_points":[],"chapters":[],"topics":[],"duration_seconds":562,"processing_state":"processed","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-college-investor-audio-show-414113/episodes/why-you-shouldn-t-name-minor-children-as-beneficiaries/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-college-investor-audio-show-414113/why-you-shouldn-t-name-minor-children-as-beneficiaries.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}